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Verifying the growth of AI in the region, a report released by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to permit experimentation and development," said the report.
Top magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, financiers, and industry specialists went to the first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas rely on each other for necessary items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can gain from the altering patterns of global demand and what function Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as a details and research centre, by providing company documentation, using legal services, facilitating networking opportunities by means of signature service occasions and delivering practically every imaginable service solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but sluggish a little. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a question on regional start-ups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and data privacy; and actually strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest motorist today is purchasing skill, because in the AI race, it's the technical talent that actually wins."Focusing on the appearance of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional federal governments to attract skill; their innovation-first approach, abundance of capital here along with inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the nation.
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